New Zealand Shares Rise Ahead of US Rate Cut Hopes, Eroad to Join to S&P/ASX All Technology Index

MT Newswires Live

Sep 08, 2025

New Zealand shares rose on Monday as most Asian indexes traded higher after soft US labor market data from last week had strengthened investors' hope for a Fed rate cut in September.

The S&P/NZX 50 Index rose 0.44% or 57.61 points to close at 13,281.14.

Meanwhile, Japanese Prime Minister Shigeru Ishiba resigned on Sunday as he took responsibility for a series of election losses.

In domestic news, New Zealand's national average rental price dropped to NZ$628 in August, the lowest since September 2023

In corporate news, Eroad (ASX:ERD, NZE:ERD) will be added to the S&P/ASX All Technology Index before the opening of trading on Sept. 22.

Tourism Holdings (ASX:THL, NZE:THL) is closing its standalone recreational vehicle (RV) dealerships in Sydney and Brisbane, moving to streamline operations, cut overheads, and sharpen its focus on higher-margin ex-fleet sales.

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